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Strategies & Market Trends : Selling Puts: Have Cash Will Travel -- Ignore unavailable to you. Want to Upgrade?


To: Robert T. Quasius who wrote (1162)4/9/2000 11:19:00 PM
From: OX  Read Replies (1) | Respond to of 1235
 
>>>LTCG

not if you write LEAPS
if your LEAPS are closed out (you buy them back or they expire worthless) they are taxed ST no matter how long you hold them.



To: Robert T. Quasius who wrote (1162)4/9/2000 11:23:00 PM
From: Tom K.  Read Replies (1) | Respond to of 1235
 
...If you keep a LEAP for more than 12 months, the gain qualifies as a long term capital gain for tax purposes.....

Robert, good point. Unfortunately, I close mine out as I need them and don't take advantage of the LT gains.

Thanks,

Tom